| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 08, 2014 |
referred to investigations and government operations |
| Jan 09, 2013 |
referred to investigations and government operations |
Senate Bill S540
2013-2014 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
co-Sponsors
(R) Senate District
2013-S540 (ACTIVE) - Details
2013-S540 (ACTIVE) - Sponsor Memo
BILL NUMBER:S540
TITLE OF BILL:
An act
to amend the tax law,
in relation to exempting the proceeds from service
award programs for volunteer firefighters and ambulance workers from
personal income taxes
PURPOSE OF THE BILL:
To correct an inequity with comparable benefits by providing that
length of service award benefits for volunteer firefighters and
volunteer ambulance workers be exempt from taxation.
SUMMARY OF SPECIFIC PROVISIONS:
Article 22 of the tax law regarding personal income is amended by
adding new paragraph 3-d to subsection (c) of section 612.
JUSTIFICATION:
Service award programs were created, a means of aiding in the
recruitment and especially the retention of volunteer firefighters
and volunteer ambulance workers.
There is no question that the retention of volunteers has been aided
by the service awards provided by the enactment of the length of
service program law. Unfortunately, the benefits in both the
2013-S540 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
540
2013-2014 Regular Sessions
I N S E N A T E
(PREFILED)
January 9, 2013
___________
Introduced by Sen. KENNEDY -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the tax law, in relation to exempting the proceeds from
service award programs for volunteer firefighters and ambulance work-
ers from personal income taxes
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subsection (c) of section 612 of the tax law is amended by
adding a new paragraph 3-d to read as follows:
(3-D) THE AMOUNT OF ANY SERVICE AWARD PAID TO ANY VOLUNTEER FIREFIGHT-
ER AND THE AMOUNT OF ANY SERVICE AWARD PAID TO ANY VOLUNTEER AMBULANCE
WORKER FROM THE LENGTH OF SERVICE DEFINED CONTRIBUTION PLANS AND DEFINED
BENEFIT PLANS APPLICABLE TO SUCH WORKERS, AS PROVIDED FOR IN ARTICLES
ELEVEN-A, ELEVEN-AA, ELEVEN-AAA, AND ELEVEN-AAAA OF THE GENERAL MUNICI-
PAL LAW; PROVIDED, HOWEVER THAT THE EXCLUSION PROVIDED IN THIS PARAGRAPH
SHALL NOT APPLY TO A SERVICE AWARD THAT IS DISTRIBUTED IN THE FORM OF A
LUMP SUM OR THAT IS DISTRIBUTED TO A TAXPAYER THAT HAS NOT ATTAINED THE
AGE OF FIFTY-NINE AND ONE-HALF.
S 2. This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1, 2014.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02427-01-3
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